Is 770 a Good Credit Score?

By Jackie Lam
A 770 credit score is something to be proud of. It’s not just good but considered “very good” in the FICO® scoring model. It lands comfortably in the second-to-highest credit tier, just 30 points shy of the highest FICO rating, which is “exceptional” credit.
A 770 score can net you lower interest rates and more favorable terms on financing, such as a credit card, mortgage, car loan, or personal loan. We’ll walk you through how a 770 credit score can boost your power as a consumer and how to reap the benefits of having solid credit.
Key Points
• A 770 credit score is very good, though not in the exceptional tier.
• This score provides access to competitive interest rates and favorable terms.
• Most credit cards, auto loans, mortgages, and personal loans are available.
• Strong approval odds for financial products reflect financial responsibility.
• Continue building your credit by maintaining consistent payments, low balances, and a diverse credit history.
What Does a 770 Credit Score Mean?
A credit score is a three-digit number, typically between 300 and 850, that estimates how likely you are to repay a loan and make payments on time. Lenders and creditors use your credit score to decide whether to approve you for a new account, and to set interest rates and other terms.
A credit score of 770 falls within the Very Good range on the FICO scoring model, which has five credit tiers: Here’s how they break down:
• Poor: 300 to 579
• Fair: 580 to 669
• Good: 670 to 739
• Very Good: 740 to 799
• Exceptional: 800 to 850
According to FICO, scores in the Very Good range are above the average of U.S. consumers and demonstrate to lenders that someone is a “very dependable” borrower. A 770 score is typically the result of timely bill payment and good credit management.
While the majority of lenders use FICO scores, some opt to use their own credit scoring models or VantageScore, a FICO competitor. With VantageScore, a 770 is considered a Good credit score, which is their second-to-highest tier and includes scores between 661 to 780. Their highest tier is called Excellent, which includes scores from 781 to 850.
What Else Can You Get With a 770 Credit Score?
A 770 credit score opens up a world of financial possibilities. Whether you’re in the market for a new credit card, mortgage, car loan, or personal loan, your very good credit rating can result in strong approval odds and competitive terms.
Can I Get a Credit Card With a 770 Credit Score?
Yes, a 770 credit score qualifies you for most credit cards. This includes rewards cards, cash-back cards, and even premium travel cards (with perks like access to airport lounges and travel insurance). In addition, you’re likely to receive a relatively high credit limit and favorable terms, enabling you to optimize your spending and earn more rewards. With a 770 score, you may also be able to snag a sign-up bonus or 0% introductory APR.
Note that some of the premium credit cards come with steep annual fees, so you’ll need to consider whether the benefits they offer are worth the cost. If you don’t travel often, you may be more than happy with a top rewards card with no annual fee.
Recommended: Personal Loan Calculator
Can I Get an Auto Loan With a 770 Credit Score?
The average credit score among Americans with car loans is 717. This means that if you have a score of 770, getting an auto loan shouldn’t be a problem. With your very good credit score, you should also have access to some of the lowest interest rates, reducing the overall cost of your loan.
Exactly what interest rate you can get with a 770 credit score will depend on the lender. According to Experian data, car buyers with scores between 661 and 780 paid, on average, 6.70% APR for a new-car loan and 9.63% APR for a used-car loan in the third quarter of 2024. Even better: Some auto manufacturers offer 0% financing for many new car models to “well-qualified” borrowers. While the definition of well-qualified varies by lender, it often includes those with a Very Good FICO score.
To find the best deal on a car loan, it’s a good idea to shop around for loan offers and compare rates from different lenders. Many lenders offer auto loan preapproval so you can lock in a rate before you shop for your car, which can be a useful bargaining chip with the dealer.
Can I Get a Mortgage With a 770 Credit Score?
A credit score of 770 puts you in the path of most types of home loans. The most common type of mortgage, a conventional loan, typically requires a FICO score of at least 620. A 770 score puts you comfortably over this requirement and can help you score a competitive interest rate and attractive terms.
With a 770 credit score, you’ll also likely have access to a jumbo home loan, which is a larger-than-normal-size mortgage that typically requires a 20% minimum down payment. Since these loans pose a higher risk to a lender, they typically require a credit score of 700 or higher.
Keep in mind that mortgage lenders will look at more than just your credit score when you apply for a home loan. They typically consider a range of criteria, including your debt-to-income (DTI) ratio and the size of your down payment.
Can I Get a Personal Loan With a 770 Credit Score?
The minimum credit score required for a personal loan varies by lender, but you typically need a score of 580 or higher to get approved. With a 770 credit score, you can likely qualify for a lender’s top interest rates, more flexible terms, and higher loan amounts. See if you can get preapproved online. That’ll give you an idea of your loan amount and interest rate with a particular lender and generally involves a soft credit check, which won’t impact your score.
Once you qualify, there’s a lot you can do with a personal loan. For example, you can use the proceeds from the loan (which can be anywhere from $1,000 and $100,000) to consolidate high-interest credit card debt, cover emergency expenses, pay for a wedding, fund a vacation, or cover home repairs or renovations.
The Takeaway
A 770 credit score is considered a very good score and should give you access to an array of credit and lending products. When a lender sees a 770 FICO score, they can feel confident that you are financially responsible and will make timely payments. As a result, you’re likely to get better credit and lending offers than someone with merely good or fair credit.
That said, a 770 credit score still lands below the highest credit tier (known as “exceptional” credit), indicating that there is still some room for improvement. Continuing to build your credit over time can open the door to lending products with even better terms in the future.
Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.
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